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SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official

The U.S. Securities and Exchange Commission (SEC) may use the failure of lender BlockFi as an object lesson for why there should be clear oversight of the crypto sector.

And, by the way, BlockFi still owes $30 million of a $50 million fine.

According to Howard Fischer, a former SEC senior trial attorney who is now a partner at New York-based law firm Moses Singer LLP, the SEC won't be as aggressive about getting that money back as it would from others. He told CoinDesk TV’s “First Mover” on Wednesday the agency is more concerned with setting clear regulatory standards for the crypto sector.

(by Fran Velasquez)

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